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MSBA At Lancaster University Management School

19/10/2023

NA

GMAT

2

Semesters

$57K

Avg. Cost of Study

12

Months Duration 

$64K

Avg. Salary

Summary

Introduction to MSBA at Lancaster University Management School

We live in a world where analytical decision-making happens every second. Data is collected about everything in order to construct, operate and maintain systems. If you want a career in decision support, operational research, industrial engineering or management science, the MSc Business Analytics is the ideal programme for you.

This course will train you in analytical decision-making. Not only do you learn the theory of business analytics but also how to apply it in practice. This involves generating relevant business insights using data-driven methodologies and tools. Our programme is one of the few to teach the entire Business Analytics life cycle, covering Descriptive, Predictive and Prescriptive analytics.

Why Study at Lancaster University Management School?

NA

FT Rankings

NA

US News

65

QS Ranking

Here are some reasons why you might want to study at Lancaster University Management School (LUMS):

  • Triple accreditation: LUMS is triple accredited by the AACSB, EQUIS and the Association of MBAs, which is a rare achievement. This means that its programs and teaching meet the highest international standards.
  • Strong research focus: LUMS is a research-led institution, with staff who are actively engaged in cutting-edge research in a wide range of business disciplines. This means that students have the opportunity to learn from experts in their field and to contribute to the development of new knowledge.
  • Global outlook: LUMS has a strong global outlook, with students and staff from all over the world. This gives students the opportunity to learn from and work with people from different cultures and backgrounds, which is essential for success in today’s globalized business world.
  • Excellent career support: LUMS has a dedicated careers team that provides students with support throughout their studies and after they graduate. The team helps students to develop their career plans, to find internships and jobs, and to network with potential employers.

Program Costs + Living Expenses : MSBA at t Lancaster University Management School

$36,100

Avg. Cost of Tuition

+ 

$21,600

Avg. Living Cost/Quarter

57,700

Avg. Cost of Study

The average living expense for a Master of Science in Business Analytics (MSBA) student at the University of Lancaster is approximately $1,450 to $1,800 per month.

Here is a more detailed breakdown of the average monthly living expenses:

  • Accommodation: $720 to $840
  • Food: $240 to $300
  • Transportation: $60 to $120
  • Other expenses (including utilities, phone, internet, entertainment, etc.): $240 to $360

Employement Prospects : MSBA at t Lancaster University Management School

90%

Employed within 3 months of graduation

64K

Avg. Salary

    Most Sought-after Jobs

  • Management Scientist
  • Manager
  • Operational Research Analyst
  • Logistics Analyst
  • Supply Chain Analyst
  • Market Analyst
  • Project Manager

The Department of Management Science provides an extensive careers service and postgraduate students may expect to be eagerly sought after by employers. Major employers contact the Department each year to recruit. Many former students now hold senior positions in their organisation – as management scientists or as managers.

The Department has strong links with companies and organisations, many of which employ our alumni. Companies visit the department to make presentations and interview students as part of their selection process. In other instances, opportunities are advertised via the noticeboards and electronically on the student VLE. You are also asked to contact company recruitment offices directly.

Management Science, Operational Research, Logistics, Supply Chain and Market Analysis are seen by leading companies as the start of a fast track to promotion for high flyers with a numerate or scientific background. Project Management skills are also highly sought after by companies due to a need for improved project success rates and more global and complex project organisations. There is a continually growing market for the project profession which covers many roles from support to strategic leadership. Experience has shown that if you have a postgraduate qualification, you will not only obtain a better starting job but will also receive more rapid promotion.

Eligibility Criteria for MSBA at t Lancaster University Management School

2:1 Hons degree (UK or equivalent) in a quantitative discipline such as Mathematics and/or Statistics or Engineering. Businesss and Management degrees with a very strong quantitative component may also be considered. Information Technology and Computer Science degree are only suitable with very strong quantitative content.

Previous study needs to have included topics such as maths, probability, statistics, econometrics, game theory, data analysis, operations research, simulation and business modelling. Prior study in computer programming is not required.

If you have studied outside of the UK, we would advise you to check our list of international qualifications before submitting your application.

For recent graduates, relevant experience can be an advantage, but is not essential. For other applicants, work experience in analytics and/or data modelling is required.Ideally no more than 5 years should have elapsed since previous full-time study.

Documents required : MSBA at t Lancaster University Management School

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • For more details, check out the official website.

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Scholarships Available : MSBA at t Lancaster University Management School

MSc Business Analytics: Fulgoni Scholarship

Eligibility: Awardees must hold an offer of study on the MSc Business Analytics programme and must demonstrate either academic or professional excellence.

Details of award: To apply for this scholarship, please fill out the form below by 30 June. Awardees must also meet all other entry requirements for the postgraduate taught programme applied for, which will be delivered at Lancaster University Management School.

This scholarship does not exclude applicants from other available LUMS scholarships.

MSc Business Analytics: Robinson Scholarship

Level of study: MSc Business Analytics

Eligibility: The award is for an outstanding applicant from a developing country, to contribute toward the cost of tuition fees. Applicants need to have an offer for the programme in order to be eligible to apply.

Details of award: To apply for this scholarship, please fill out the form below by 30 June. Awardees must also meet all other entry requirements for the postgraduate taught programme applied for, which will be delivered at Lancaster University Management School.

Specializations & Electives Offered

The MSc in Business Analytics consists of compulsory and optional modules, plus a project. The compulsory modules ensure that you have a firm grounding in important subjects. The wide range of optional modules allows you to specialise in subjects that particularly interest you.

During your first term from October to December you will study four core modules:

  • Operational Research and Prescriptive Analytics
  • Statistics and Descriptive Analytics
  • Python Programming for Problem Solving
  • Forecasting and Predictive Analytics

The second part of the course runs from January to May, and includes the Analytics in Practice module plus three optional modules.

From May to September you will choose one of the two dissertation modules.

  • Dissertation (Industry)
  • Dissertation (Research)

See the Course Structure for more information on each module.

FAQs About MSBA

Applicants must have a bachelor’s degree from an accredited institution in a relevant field, such as business, economics, mathematics, statistics, or computer science. A minimum GPA of 3.0 is required. Applicants with a non-business background may be required to take additional coursework in business fundamentals.

Prior experience with business analytics is not required, but it is helpful. The program is designed to provide students with the knowledge and skills they need to succeed in a career in business analytics, regardless of their previous experience.

The MSBA program is a one-year, full-time program.

Graduates of the MSBA program are highly sought-after by employers in a variety of industries, including technology, finance, consulting, and healthcare. Graduates have gone on to work for companies such as Amazon, Google, Microsoft, and Deloitte.

Yes, there are a number of scholarships available for students in the MSBA program.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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